FINRA Says UBS Must Pay $18.6M to Puerto Rican Couple Over Closed-End Funds
The claimants’ attorney says there’s more than a thousand pending claims regarding Puerto Rico closed-end mutual funds sold by UBS.
Fee Compression, Compliance Are Top Concerns for Advisors: SEI Survey
Only 11% of the advisors surveyed are ready for the implementation of the DOL fiduciary rule in 2017.
CANNEX Brings Greater Transparency to Annuity Market: Top Portfolio Products
In other product news, Invesco and iShares expand their ETF lineups.
New Hearsay Tools Make Social Media Compliance Easier and Faster
The new technology enables compliance supervisors to review advisor digital activity with one or two clicks.
10 Key Dates That Could Move Markets
Sinead Colton of Mellon Capital says the final weeks of the year and the next 12 months could prove interesting.
Vestorly Launches AI-Fueled Social Media Tool
The new tool is like a "24/7, round-the-clock, artificial intelligence marketing assistant for social media," CEO Justin Wisz says.
U.S. Growth Could Continue for 3 More Years: T. Rowe Price
The investment firm is optimistic about the near term but is “awaiting clarity” on Trump's economic plans.
CFPB Warns Financial Firms About Incentive Programs That Lead to Fraud
CFPB’s bulletin warns against the kind of incentive programs that led to the abuses at Wells Fargo.
Seraphim Capital Adds Pioneering Space Tech Fund: Top Portfolio Products
In other product news, FlexShares added an actively managed bond ETF.
6 Keys to Investment Success: T. Rowe’s Brian Rogers Reflects
As Rogers prepares to retire in March, he shares the investment lessons he’s learned during 35 years at T. Rowe Price.